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Meta pays the price for storing hundreds of millions of passwords in plaintext (arstechnica.com)

submitted 3 weeks ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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Company failed to follow one of the most sacrosanct rules for password storage.

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[–] drunkosaurus@lemmy.dbzer0.com 23 points 3 weeks ago

"Pays the price"!? $101 million? In 2023 Meta made a bit over $107 million of pure profit every day.

...apps for connecting to various Meta-owned social networks had logged user passwords in plaintext and stored them in a database that had been searched by roughly 2,000 company engineers, who collectively queried the stash more than 9 million times.